1996

1995

Shareholders' Agreement and a Master Cooperation Agreement with KLM are concluded in December.

An IFC information memorandum is sent to 154 airlines in search of a 'strategic partner' culminating in the eventual selection of KLM. This takes place in May 1995.

1993/94

Commercialization process produces the first profits.

1992

A policy paper on Public Enterprise Reform and Privatization setting out policy objectives is issued in July. The policy paper gives high priority to the privatization of Kenya Airways.

1991

A new board is appointed at Kenya Airways in April under the chairmanship of Mr. Philip Ndegwa with a mandate to commercialize and prepare the airline for privatization.

1986

The Government makes the first move towards privatization by publishing the Sessional Paper No.1 of 1986 on 'Economic Management for Renewed Growth '. The document for the first time, spells out the Government's intention to divest from corporations which could be run better by the private sector.

1977

Kenya Airways is established in January following the breakup of the East African Community and subsequent disbanding of the jointly-owned East African Airways.